The Australian Taxation Office (ATO) have implemented Single Touch Payroll (STP), a new way of reporting tax and super information to the ATO. Small employers (19 employees or less) were required by law to start STP reporting by 30 September 2019.
If your dealership hasn’t transitioned to Single Touch Payroll yet, you can talk to the ATO or a registered tax or BAS agent for help getting started.
If you aren’t sure where to start, there are three pathways you can take:
- Report now: Start reporting now through an STP-enabled payroll solution
- Report quarterly: Apply for a quarterly reporting concession (if eligible): gov.au/stpconcessions
- Report later: Apply for a deferral if you need more time: gov.au/STPdeferrals
For more helpful information to get ready, download the information pack.